Traders can respond quickly to social trading trends and leverage the wisdom of the crowds to improve profitability
New York/London, May 16, 2012 – eToro, the world’s largest investment network, announced today that its Web Trader 2.0 is now integrated with its eToro OpenBook. WebTrader is eToro’s award winning real-time online trading platform, which prides itself through its exceptional ease of use catering to the needs of both experienced and novice traders. eToro OpenBook provides a complimentary social trading platform that creates a trading experience by allowing users to see, follow and copy the trades of the top performing traders. Users can now make better informed trading decisions by tapping into the wisdom of the crowds and therefore act upon market sentiment.
The new eToro WebTrader 2.0 provides the user with a comprehensive view of the trades made by each of the Gurus (top traders) that a specific user is currently copying. In addition, the market dashboard provides a visualization of the market sentiment in each specific traded instrument.
This product integration is part of eToro’ s commitment to continually raise the bar for online trading performance. An eToro study revealed that following experts and copying their trades can have a positive impact on trading performance. In the first six months since the launch of CopyTrader™ on eToro’s OpenBook, eToro has witnessed an improvement in the win ratio (profitable vs. unprofitable trades) of 8%-12% for copied trades. Currently more than half of the trades on the eToro trading platform are copied trades.
Additional features designed to enhance trading performance include more detailed views of instruments, automatic notifications when instruments reach a set market price, chart views for daily, weekly and monthly price changes, and one-click trading with pre-set parameters.
“Web Trader 2.0 is just another example of how eToro delivers on the promise to revolutionize the way people trade,” said eToro CEO, Johnathan Assia. “We are proudly leading the social trading revolution and are empowering our users to connect to expert traders to gain knowledge, create responsible trading strategies and to become profitable traders and investors.”